RBI 6th BI MONTHLY MONETARY POLICY REVIEW

RBI 6th BI MONTHLY MONETARY POLICY REVIEW

RBI 6th BI MONTHLY MONETARY POLICY REVIEW

Here are the highlights of RBI 6th Bi Monthly Monetary Policy Review. The key policy rates are not changed by the Reserve Bank of India. It is expected that the 2016/17 budget will be delivered on 29th February 2016.

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RBI 6th Bi Monthly Monetary Policy

Highlights of RBI 6th Bi Monthly Monetary Policy Review

  • Indian economy lost momentum in Q3
  • Continue to remain accommodative even if rates remain unchange
  • Expects inflation to be around 5 per cent by March 2017
  • RBI to create a special ecosystem for startup funding
  • Prospects for the rabi harvest are improving slowly;
  • Working with banks and government to ensure identification of stressed assets
  • Have not factored in 7th pay panel recommendation in inflation target
  • Bearish commodity price dynamics are also likely to impact investor sentiment
  • Expects GDP growth of 7.6 per cent for FY17, 7.4 per cent with downward bias for FY16
  • First bi-monthly monetary policy for 2016-17 on April 5

Current Rates of RBI 6th Bi-Monthly Monetary Policy

  • Repo Rate – 6.75% (Unchanged)
  • Reverse Repo Rate – 5.75% (Unchanged)
  • CRR (Cash Reserve Ratio) – 4% (Unchanged)
  • Bank Rate – 7.75% (Unchanged)
  • MSF (Marginal Standing Facility) – 7.75% (Unchanged)
  • SLR (Statutory Liquidity Ratio) – 21.5% (Unchanged)

 

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